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The European Union needs €500 billion in defense investments over the next decade, according to Politico. The agency notes that it is unclear whether this figure includes funds for continuing military aid to Ukraine. Von der Leyen emphasized that from 1999 to 2021, before Russia’s full-scale invasion of Ukraine, the EU increased defense spending by 20%, China by 600%, and Russia by 300%. Sources of the agency mentioned that this was before Russia massively increased its spending over the past two years. According to one government official, at today’s prices, the EU will be short of €400 billi…

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